SCA offers to buy Everbeauty

February 28, 2012

SWEDEN — Swedish paper and hygiene products maker SCA, which operates in North America under the Tork brand, has made a binding offer to acquire Taiwanese hygiene products company Everbeauty, according to a press release.

In a statement, SCA said the purchase price for the deal amounts to approximately $290 million on a debt-free basis, the release stated.

According to the release, SCA said if the deal is realized, the company''s positions in Asia, one of its prioritized growth markets, will be substantially strengthened.